Jump to content
House Price Crash Forum

24gray24

Members
  • Posts

    3,542
  • Joined

  • Last visited

Posts posted by 24gray24

  1. I want an anchorage I don't have to pay a fee for. Most of the coast has been given away to private marinas for rack renting. The rest is being turned into no anchor zones masquerading as SSSI's. The aim is to make sure you can't live on a boat without paying a fee to someone every night, thus harvesting it for the rich landlords.

  2. The problem is, in any economy there are only a certain number of people with the intelligence, ambition and skills to actually generate REAL wealth.

    If these people leave or are prevented from generating wealth then the economy is doomed.

    :blink:

    City workers don't count under the above definition. And they are the ones threatening to leave.

    IMO they'll leave whatever the tax rate is, if the future of financing for wealth producers is not the UK. For example, the tax rate in Abu Dhabi may be 0%, but the City workers didn't all up sticks and go to Abu Dhabi in the 1990's. Why not? Because tax isn't the main issue.

    As for people with factories producing real stuff, you're 20 years too late. Thatcher said, forget all that manufacturing stuff. Throw all those workers on the dole. The future is with bankers' service economy. You were on Thatcher's side at the time, so it's no good complaining now.

    That's the reality we're dealing with now: factories all moved to China, along with the engineers, scientists, etc. China turns out thousands of them every year. We're starting from a low base, with raw materials shut down (mines), and a workforce trained only in polishing each others' nails and tapping keyboards.

  3. Americans have guns.

    Good luck when the chav hordes come rampaging down your street because their welfare cheques stopped coming. Maybe you can use harsh language.

    I'm amazed you could actually believe this. I find chav youth generally shy and polite, and not many of them either these days, with demographic decline.

    If TSHTF, American inner cities would turn into Mad Max within days. The suburbs would be untenable, as they're too spread out for neighbours to help each other and defend a zone; people would get ambushed on their way to and from work and quickly have to leave the suburbs. And further out, the small towns wouldn't have enough food for themselves, let alone refugees from the suburbs. And with everyone doing their negotiating with guns, the results could only be grim.

    In England by contrast, the peasants will just lie down and starve quietly, watching the telly for news of a new welfare scheme.

    It won't get that bad of course. Only bankers and politicians will be hunted down and shot in America.

  4. There must be a limit to how much as a % if the national debt the government/BoE can buy from itself. Currently it's £325 bn which I think is about 25% if the total. Does anyone know what would happen if this goes to 50% or higher?

    The government isn't buying from itself. It's giving out IOU's with your name on it; the whole population has to pay it, in the future.

  5. It's just transparent propaganda, from the kind of Tory who thinks other people should pay tax, but not them.

    Of course they won't leave.

    As for high crime, America in meltdown will have more crime than here. Europe may turn nasty, with whole populations on the move (from bankrupt countries).

    Besides, when the insolvent banks finally collapse (along with house prices), most of these people will have no assets.

  6. At the level of individual households, wind power and solar panelsand woodburners may make sense. Also reduced consumption, with more insulation etc.

    Especially as energy prices, monopolies all, can just keep doubling.

    The good thing about sorting the issue out at a household level, is that it isn't relying on a bankrupt government to wave a magic wand (which just turns into a scam).

  7. Blimey, 3 pages of argument and hardly a mention of the teachers' one good point:

    If you promise to pay X as pension at age 50, you have to pay it. That's the contract.

    If you claim you're bankrupt and can't afford it, then stop paying OAP pensions, stop paying ex military their grossly inflated pensions, stop paying the civil service their grossly inflated pensions, stop paying for a war, etc. In fact, if you're bankrupt, then go bankrupt. The creditors can sell the assets.

    Personally, I don't think the teachers have the guts to do what's necessary to bring the government to terms: all take the government to court for redundancy, on the grounds they're changing the terms of the contract half way through, so they have to pay everyone redundancy now.

    You can't promise to pay someone £30 if they run a marathon, and then stand at the 20 mile line and shout: "I'm only paying £20".

  8. If I sell a car when I don't actually own a car, then I'm committing fraud.

    When a banker sells a share but doesn't actually own a share, he's also committing fraud.

    The problem is, bankers are not being sent to jail for fraud, with the consequence that now you have huge banks rigging the markets for years, and then making huge profits on the back of those frauds. Or betting against their own clients, and making the bet come off by rigging the market. Or selling all their dud investments to investors as great buys, and keeping all the good stuff for themselves. It's fraud piled on fraud, and since there is no law anymore, the alternative is inevitable.

  9. You are quite correct. No crash has happened in London commuter belt yet.

    But it will, folks, it will.

    Because: 1. the banks are still insolvent. 2. People can't afford those mortgages unless their wages go up and 3. Wages are going down, not up.

    All that hogwash about the chinese...why would they? Would you move to England from Hong Kong if you were Chinese?

    People can hang on, demanding 2007 prices, until interest rates go up. Then they lose their shirts.

  10. Toronto is as boring as buggery. The people are just so...frightened of telling the truth. Instead, everyone loves their job, and loves their boss, and loves their city, and next week you hear the same fellow took a dive off his high rise; and no one dares to mention the motorway cutting off the view of the lake. If you do get real, you get ostracised. They just don't know what a good time looks like, and would ban it if they ever found one breaking out.

    Not to knock Canada, apart from the weather it's something special, but Toronto is awful. Cow Town just about sums it up (its original name).

  11. The problem is that 0.6% of the population, some 500, 000 families own 69% of the land. A leftover of feudal times that is controlling land prices/ usage in the third millennium.

    Very true. But they're the government. And upstairs, downstairs is what they want to get back to.

    How could 500,000 families continue to be rich, without any greater skills than the average person, unless they so rigged the system that they always won? They couldn't. So they rig it, by owning all the land, by getting all the education, by exempting themselves from tax, taking sinecures etc. The Tories won't change any of that, because they are the 500,000.

  12. Politicians get bribes from developers.

    Therefore, Lord Ponsonby of Ponsonby gets to build whatever he fancies. Developers will also get to ignore all rules, as long as they pay a bribe.

    And everyone else, won't be allowed to do anything (unless they pay £100k per acre).

    That's the present system. I can't think of any reason why a politician (who takes bribes) would change it. Appear to change it, of course. Talk about changing it, naturally. But actually change it? Impossible. Modern politicians cannot operate without bribes.

    So my guess is, when you try to build, you'll be told "you can't do that here. Elsewhere, yes, there are rumours about other parts. But not here". And then an excuse. Health and safety. Building regs. Greenbelt. Too close to Lord Ponsonby's 16,000 acres. I hope I'm wrong, but can you really see someone being allowed to build a shack opposite a stately home? Or in a rich area's greenbelt?

  13. The mania was hard to resist, to be fair. When everyone around you, including your parents, all say the same thing, it takes real confidence to say "you're all wrong".

    I feel sorry for those who are about to die (financially). In the same way they felt sorry for me when I wasn't buying. It's a vague clucking sound, mixed with contempt, that's all.

    The big difference is, the government is on the side of those mortgage owners. It's expecting me to subsidise them.

  14. People who work in markets don't have a clue. They're as lost as the rest of us. 2008 told us that.

    We're not in a yield decade; we're in a "wealth" destruction phase as the ponzi schemes collapse. She'll be lucky if she can avoid having it whittled away by inflation, ponzi collapses, get rich quick scams, bank collapses etc whatever she puts it in.

    IANAFA, do your own research etc.

  15. And exactly who pays to feed, clothe and house the 8 million plus people in the UK who are economically inactive?

    Presumably the 'rich', because they don't fund themselves and the 'poor' don't have any money

    You also find that countries where there are few rich people tend to have a lot more poor people than countries that have a lot of rich people.

    :blink:

    No, the rich don't pay tax. It's the middle class doing the paying.

    The third world has some of the richest people in the world. Sweden has relatively flat income distribution. China has a lot of rich people, and a lot of poor people, so your statement is clearly false.

  16. Problem 1: employers would have an incentive to sack current workers and replace with slave labour.

    Problem 2: the government would rack up vast costs administering the scheme. It's always cheaper to find an employee yourself, rather than have the government set up a bureaucracy to do it.

    Alternative solution: reduce the size of government dramatically. Instead of forcing people on 5k a year to work as slaves, this solution involves sacking vast hordes of people on £40k a year who are only pretending to work. Far more money is involved.

  17. Voluntary taxation? It won't work.

    The problem is monopolies and cartels. Gas,, water, food, electricity, all the essentials of life are basically monopolies. So you get ripped off and can't avoid paying.

    On the distribution side, the money is siphoned off to the rich, with huge numbers of overpaid jobs in the military, charities, civil service all going to the same class of people. These same people are then allowed to avoid taxes themselves.

    The end result is the 99% do all the paying, and the 1% get all the money.

    The way to change it, is break up the cartels, stop funding the rich; and cut off all the tax exemptions

  18. To a point, but only to a point. If you remove the ability to raise a modest mortgage on a modest salary, then you remove most demand for modest property. If you do this,banks are unlikely to foreclose due to price correction and potential homeowners are unlikely to to ever raise enough money to buy sans mortgage since they'll be paying rent.

    Modest houses would drop back to levels of 1980. £20-30,000.

    all the foreclosed houses would just be sold off.

×
×
  • Create New...

Important Information